Can I Trust This Breakout? Here's the Secret
Getting ready for Friday’s trading session, and I keep asking myself – “can we really trust these bull breakouts?”
Crude Oil, Emini ES, and Gold all got the bounce we expected today, but ONE of th…
Can I Trust This Breakout? Here's the Secret
Getting ready for Friday’s trading session, and I keep asking myself – “can we really trust these bull breakouts?”
Crude Oil, Emini ES, and Gold all got the bounce we expected today, but ONE of them doesn’t look as solid as the others, and I want to show you why, here’s my plan for Friday…
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Crude Oil is bullish with a strong breakout running higher, but look closely and you can see we’re trading at multiple resistance levels, which tells me I need to stay patient for a deep pullback before I can look for more buy setups on Friday…
E-Mini S&P is bullish and just inches away from the “range magnet” we discussed yesterday, and with three legs higher today, I know to expect a range-bound market tomorrow, here’s my plan…
Gold is bullish with a Spike & Range pattern, telling me to look for buy setups using failure patterns below the range at key support tomorrow morning…
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Economic News:
Please remember that economic news, both scheduled and un-scheduled will increase volatility and decrease liquidity in the market in the short-term, which causes price-action to react inconsistently with the levels of support and resistance mentioned in this video. Trading during economic news reports is dangerous and highly discouraged, no matter what your level of experience.
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Joseph James, SchoolOfTrade..
